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Question: Will bitcoin ever go below $10K again in your lifetime?
Yes - 43 (54.4%)
No - 36 (45.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 22692467 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (148 posts by 37 users deleted.)
BTCMILLIONAIRE
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February 10, 2018, 02:56:09 PM

BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes.

Yeah, the % dominance thing on coinmarketcap is a complete farce. Since they count literally every new shitcoin they add to the list, then every time a shitcoin gets added to their listing, and then it wash trades a few coins up to a $1M market cap, Bitcoin's % dominance goes down. So '% dominance' is a meaningless metric now.

There were 1400 coins listed in Nov. Now there are 1516. So 116 new shitcoins added to coinmarketcap in the last two months.

What does that tell you?
That Bitcoin has got to be one hell of a mighty beast to still have such a massive market share. The dominance metric should be removed or replaced though, perhaps only count the top 100 coins, or only coins that surpass a certain threshold.
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February 10, 2018, 02:56:27 PM
Merited by Torque (1)

BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes.

Yeah, the % dominance thing on coinmarketcap is a complete farce. Since they count literally every new shitcoin they add to the list, then every time a shitcoin gets added to their listing, and then it wash trades a few coins up to a $1M market cap, Bitcoin's % dominance goes down. So '% dominance' is a meaningless metric now.

There were 1400 coins listed in Nov. Now there are 1516. So 116 new shitcoins added to coinmarketcap in the last two months.

What does that tell you?
I think that's a good fair point I hadn't considered before really.  Many of these coins with small to mid "market caps" on cmc are probably worth a fraction of the reported value.  I don't think it necessarily applies to the larger cap coins though.  If you remove the "other" from the chart it's still a fairly major chunk of dominance that has shifted.
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February 10, 2018, 02:59:56 PM
Merited by Torque (1)

BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes.

Yeah, the % dominance thing on coinmarketcap is a complete farce. Since they count literally every new shitcoin they add to the list, then every time a shitcoin gets added to their listing, and then it wash trades a few coins up to a $1M market cap, Bitcoin's % dominance goes down. So '% dominance' is a meaningless metric now.

There were 1400 coins listed in Nov. Now there are 1516. So 116 new shitcoins added to coinmarketcap in the last two months.

What does that tell you?
I think that's a good fair point I hadn't considered before really.  Many of these coins with small to mid "market caps" on cmc are probably worth a fraction of the reported value.  I don't think it necessarily applies to the larger cap coins though.  If you remove the "other" from the chart it's still a fairly major chunk of dominance that has shifted.
If you watch the charts very regularly you'll notice wash traded coins popping up and disappearing on a quite frequent basis. Part of me wants to just throw small bucks at every shitcoin just to sell the washed up pumps, but that gambling part of me can't compete with the part that seeks predictable metrics of value. I also don't feel like supporting their scammy little shit games just to turn some extra profits.
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February 10, 2018, 03:01:05 PM

For me, bitcoin is the shitcoin. First of its kind, but useless. There is better coins for everything on the market. As soon as other coins will be traded agains USD instead of BTC, BTC will be dead.

Mmmm then go too Some alt threat or something
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February 10, 2018, 03:03:52 PM
Last edit: February 10, 2018, 03:39:32 PM by Torque

I think that's a good fair point I hadn't considered before really.  Many of these coins with small to mid "market caps" on cmc are probably worth a fraction of the reported value.  I don't think it necessarily applies to the larger cap coins though.  If you remove the "other" from the chart it's still a fairly major chunk of dominance that has shifted.

The whole thing is just stupid. I could create a shitcoin today with a trillion coins (which I pre-mine 99.99% of them), wash trade one coin on an exchange for $1, and voilà my shitcoin has a $1T market cap and be #1 on the cmc listing.
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February 10, 2018, 03:20:12 PM

Here come the bears. HODL!

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February 10, 2018, 03:23:06 PM

When did CMC re-add Korean exchanges to the average calculations?
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February 10, 2018, 03:26:39 PM
Merited by somac. (2), bitserve (1), bitcoinPsycho (1)

Breaking 24777$ prediction game      FINAL LIST       

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UPDATE     AND GOOD LUCK !!!

BITCOIN??   Just ———-> hodl that shit  keep innovating/ adapting/ learning/buying/ not panicing/decentralize and So on .........

And get quick @24777 Just for new future list games getting bored on This one Wink

And Some say same old shit please like NEXT 24 h are critical Wink or .......
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February 10, 2018, 03:52:52 PM

the next 10 years are critical
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February 10, 2018, 03:56:00 PM

The next few hours may also be interesting... Wink
BTCMILLIONAIRE
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February 10, 2018, 04:09:11 PM

There aren't all that many days in crypto that aren't interesting. Tongue
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February 10, 2018, 04:11:14 PM

Breaking 24777$ prediction game      FINAL LIST       

[...]

UPDATE     AND GOOD LUCK !!!

BITCOIN??   Just ———-> hodl that shit  keep innovating/ adapting/ learning/buying/ not panicing/decentralize and So on .........

And get quick @24777 Just for new future list games getting bored on This one Wink

And Some say same old shit please like NEXT 24 h are critical Wink or .......

I think the game will become very exciting again as much as we are closer to the target price. It's funny that even if the prize is worth a VERY considerable amount (more so when the price is reached) many people would prefer someone else to win if that means we reach the price sooner than our expected date.

To put things in perspective, when the prize is claimed, it will have a worth in FIAT of more than $6000USD!... And everyone will be enjoying the party, probably still celebrating having broken $20K just a few days/weeks before.

Really anxious for that day to come Smiley
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February 10, 2018, 04:15:36 PM
Merited by Last of the V8s (1)

When did CMC re-add Korean exchanges to the average calculations?

Korea represents a large amount of volume by the people but I dont know about the exchanges.  Maybe they did a deal between exchanges, a forthcoming authorised tie up after the recent CFTC surprise


I think that's a good fair point I hadn't considered before really.  Many of these coins with small to mid "market caps" on cmc are probably worth a fraction of the reported value.  I don't think it necessarily applies to the larger cap coins though.  If you remove the "other" from the chart it's still a fairly major chunk of dominance that has shifted.

The whole thing is just stupid. I could create a shitcoin today with a trillion coins (which I pre-mine 99.99% of them), wash trade one coin on an exchange for $1, and voilà my shitcoin has a $1T market cap and be #1 on the cmc listing.

If this was stocks similarly this could happen however it never does because its so obviously a mistake.     The only possibility is very short term inaccuracies which are noticed by the market and adjusted naturally by arbitrage.  
Such as BP stock  is listed in New York and London (both holders are equal to each other) but obviously these two times of trading vary.   Especially with large moves inaccuracy can occur which falsely lists the company value, traders will step in short sell mis-attributed value.

The example you give cannot happen or should not because the market capital only relates to floated stock.   If Bill Gates owns 10% of the company and its the same stock he held since the 1980's then its not part of the market cap.  Same should apply to Bitcoin really, if the address is never used then its not part of the fairly rapid monetary velocity which makes up Bitcoin value.    That guy who lost his laptop in a landfill doesnt count as value, theres HODL and theres lost to any practical use forever so clearly he and that address should not be popping up on TV screens as 'the value of:'

So I assume all of Satoshi's money is quoted every time Bitcoin is discussed.   We know he is never coming back to trade that though, the ironic effect if Satoshi did return I believe would be a drop in price.   Just the new weight or equation of greater supply to the same demand.   It might also be a positive of course longer term.

Price is rebounding from an upper trend to the channel from ATH I think
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February 10, 2018, 04:16:48 PM

Breaking 24777$ prediction game      FINAL LIST       

[...]

UPDATE     AND GOOD LUCK !!!

BITCOIN??   Just ———-> hodl that shit  keep innovating/ adapting/ learning/buying/ not panicing/decentralize and So on .........

And get quick @24777 Just for new future list games getting bored on This one Wink

And Some say same old shit please like NEXT 24 h are critical Wink or .......

I think the game will become very exciting again as much as we are closer to the target price. It's funny that even if the prize is worth a VERY considerable amount (more so when the price is reached) many people would prefer someone else to win if that means we reach the price sooner than our expected date.

To put things in perspective, when the prize is claimed, it will have a worth in FIAT of more than $6000USD!... And everyone will be enjoying the party, probably still celebrating having broken $20K just a few days/weeks before.

Really anxious for that day to come Smiley
Damn straight.  I am on there for 2 years + 10 days from now.  Would love to be very wrong.
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February 10, 2018, 04:19:52 PM

^^ Right now I would be very surprised to be correct in any March date.    I should have added 6 months, same thinking just a rebuild takes longer to clear the previous debris.   I think we'd rise faster to 24k then if we had never been close, kinda counter intuitive
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February 10, 2018, 04:20:18 PM

Breaking 24777$ prediction game      FINAL LIST       

[...]

UPDATE     AND GOOD LUCK !!!

BITCOIN??   Just ———-> hodl that shit  keep innovating/ adapting/ learning/buying/ not panicing/decentralize and So on .........

And get quick @24777 Just for new future list games getting bored on This one Wink

And Some say same old shit please like NEXT 24 h are critical Wink or .......

I think the game will become very exciting again as much as we are closer to the target price. It's funny that even if the prize is worth a VERY considerable amount (more so when the price is reached) many people would prefer someone else to win if that means we reach the price sooner than our expected date.

To put things in perspective, when the prize is claimed, it will have a worth in FIAT of more than $6000USD!... And everyone will be enjoying the party, probably still celebrating having broken $20K just a few days/weeks before.

Really anxious for that day to come Smiley
Damn straight.  I am on there for 2 years + 10 days from now.  Would love to be very wrong.
Believe me i also do not wanna post This list for 2 years +10 days or more anymore....
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February 10, 2018, 04:23:24 PM



I think the game will become very exciting again as much as we are closer to the target price. It's funny that even if the prize is worth a VERY considerable amount (more so when the price is reached) many people would prefer someone else to win if that means we reach the price sooner than our expected date.

To put things in perspective, when the prize is claimed, it will have a worth in FIAT of more than $6000USD!... And everyone will be enjoying the party, probably still celebrating having broken $20K just a few days/weeks before.

Really anxious for that day to come Smiley
[/quote]
Very true i also think When Closing in on the price iT Will be FUN
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February 10, 2018, 04:24:40 PM
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The example you give cannot happen or should not because the market capital only relates to floated stock.   If Bill Gates owns 10% of the company and its the same stock he held since the 1980's then its not part of the market cap.  Same should apply to Bitcoin really, if the address is never used then its not part of the fairly rapid monetary velocity which makes up Bitcoin value.    That guy who lost his laptop in a landfill doesnt count as value, theres HODL and theres lost to any practical use forever so clearly he and that address should not be popping up on TV screens as 'the value of:'

As it relates to equity market cap, traditional market cap is simply outstanding shares x market price... what you are referring to is float-adjusted market cap. Generally speaking, indexes are float-adjusted, example, the S&P 500, whereas individual company market caps aren't. This obviously depends on the data provider but in most cases you are simply seeing OS x MP.
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February 10, 2018, 04:54:08 PM

BTC other direction ——->>>
Thanks
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February 10, 2018, 04:54:32 PM

These alts are an attack on bitcoin, and yes shit coins like doge can do damage to bitcoin. Bitcoin could end up being like the story of the elephant being attacked by ants. The elephant may kill thousands of them, but eventually those little bastards could bring the elephant down.

I don't think doge is directly or even indirectly doing any damage to bitcoin (or any other altcoin for that matter.)

Where's that story about the elephant and the ants? I know some elephants avoid plants that have ants, but they don't bring down the elephants.


I think that's a good fair point I hadn't considered before really.  Many of these coins with small to mid "market caps" on cmc are probably worth a fraction of the reported value.  I don't think it necessarily applies to the larger cap coins though.  If you remove the "other" from the chart it's still a fairly major chunk of dominance that has shifted.

The whole thing is just stupid. I could create a shitcoin today with a trillion coins (which I pre-mine 99.99% of them), wash trade one coin on an exchange for $1, and voilà my shitcoin has a $1T market cap and be #1 on the cmc listing.

You need to do a little more elbow grease to get it actually listed on CMC. But yeah, it's possible.
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